Pig prices have not stopped falling

The price of live pigs today, September 14, in the Northern region decreased by 1,000 VND/kg, fluctuating between 57,000 - 59,000 VND/kg.

Pig price today, September 14: Pig price has not stopped falling. (Source: Vnxpress)

Pig price today 9/14

* Pig price in the Northern region decreased by 1,000 VND/kg.

Specifically, Yen Bai province brought the price of live pigs to the lowest level in the region at 57,000 VND/kg.

Similarly, Phu Tho, Vinh Phuc, Ninh Binh and Tuyen Quang provinces adjusted the transaction price down to 58,000 VND/kg.

Today's live pig price in the North fluctuates between 57,000 - 59,000 VND/kg.

* The pig market in the Central and Central Highlands regions did not record any new price fluctuations today.

Of which, live pigs in the two provinces of Binh Dinh and Dak Lak are being purchased at the lowest price of 55,000 VND/kg.

Slightly higher at 56,000 VND/kg are the provinces of Khanh Hoa, Lam Dong, Ninh Thuan and Binh Thuan. Traders in the remaining provinces trade live pigs at 57,000 VND/kg.

Currently, the purchase price of live pigs in the Central and Central Highlands regions is around 55,000 - 57,000 VND/kg.

* In the Southern region, pig prices decreased slightly.

Accordingly, Tra Vinh province adjusted down 1,000 VND/kg, currently anchored at 56,000 VND/kg.

Except for Ho Chi Minh City, which is purchasing live pigs at 55,000 VND/kg, the remaining provinces and cities maintain stable transactions in the range of 56,000 - 58,000 VND/kg.

The price of live pigs in the Southern region today fluctuates between 55,000 - 58,000 VND/kg.

* According to the UK Agriculture and Sustainable Development Board (AHDB), reduced production, rising pig prices and reduced consumer demand have led to many challenges for the UK pork market.

UK pork exports in June 2023 reached 24,200 tonnes, up slightly by 200 tonnes compared to May 2023 but down 15% (or down 4,400 tonnes) compared to June 2022. Overall, exports in the first 6 months of 2023 reached 151,800 tonnes - the lowest level since 2015.

In the first 6 months of 2023, exports of all pork products decreased compared to the same period last year, except for processed pork which increased by 1,000 tons.

Exports of both fresh and frozen pork fell sharply, reaching their lowest level since 2010, reaching a total of 64,000 tons, down nearly 43,000 tons (down 40%) compared to the same period last year.

A sharp fall in domestic production was the cause of the fall in exports, combined with rising pig prices, reducing the competitiveness of UK pork. Offal, bacon and sausage exports fell slightly to 1,900 tonnes, 1,000 tonnes and 500 tonnes respectively.

Pork exports to the European Union (EU) market and major countries decreased sharply compared to the same period last year, down 26% (-23,400 tons) and 39% (-18,300 tons), respectively.

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